Japanese stocks closed Tuesday with mixed results due to profit-taking after a strong rally fueled by stimulus hopes under Sanae Takaichi. The Topix edged up 0.1% to 3,227.91, while the Nikkei was nearly flat at 47,950.88. Of the 1,672 Topix constituents, 803 rose, 796 fell, and 73 were unchanged. According to Anna Wu (VanEck), the market is "just taking a breather" after yesterday's 4.8% surge—a common pattern following event-driven moves. The yen's weakness—holding above 150 per dollar—has provided a boost to exporters, particularly automotive companies. Toyota rose 1.7% and was the...
European stock markets opened largely unchanged. The Stoxx 600 traded flat, but the energy sector was supported by Shell, which rose around 2% after reporting a recovery in its oil and gas trading performance. The CAC 40 was also stable, awaiting political clarity in Paris. President Emmanuel Macron gave outgoing Prime Minister Sébastien Lecornu 48 hours for final negotiations with parties to prevent the crisis from deepening. On the funding side, French 10-year bonds remained under pressure. Overall, European stocks remained near new highs as they awaited news from France and new catalysts...
The S&P 500 rose slightly on Tuesday as Wall Street looked for more developments out of Washington on the current U.S. government shutdown that is now in its second week. The broad market index climbed 0.1%, while the Nasdaq Composite gained 0.2%. The Dow Jones Industrial Average traded around the flatline. Hopes that the government would reopen on Monday were dashed after the Senate for a fifth time failed to pass a House bill that would have funded the government through Nov. 21. The chamber voted mostly along party lines. At least eight Democrats need to join Republicans to meet the...
US stocks retreated from record highs on Tuesday as investors weighed the ongoing government shutdown against hopes for AI-driven growth. The S&P 500 fell 0.4% for the first time in 8 days, the Nasdaq lost 0.8%, and the Dow fell 99 points, pressured by a steep sell-off in Oracle shares after weaker-than-expected cloud margin reports. Tesla slipped 4.4% after unveiling a low-cost Model Y, Ford tumbled 7.6% over a supplier fire, and gold futures surged past $4,000 per ounce as investors sought safe havens. Economically sensitive sectors, including homebuilding, airlines, and transport,...
Asia-Pacific markets traded mixed Wednesday, breaking ranks from Wall Street losses, after the World Bank raised the region's growth forecast Tuesday. That comes after a summer that saw U.S. tariff-led uncertainty rock the global economy. Japan's benchmark Nikkei 225 was little changed, while the the Topix added 0.62%. Australia's ASX/S&P 200 fell 0.3%. Futures for Hong Kong's Hang Seng index stood at 27,165, higher than its Tuesday close of 26,957.77. Mainland China and South Korean markets are closed for the holidays. The Bank of Thailand and Reserve Bank of New Zealand are set...